JPMorgan raises Deere & Company stock target to USD 625.00
Published on 10/23/2026 at 11:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEarnings and valuation signals
- JPMorgan moved its Deere target from USD 585.00 to USD 625.00 on October 8, 2026.
- Third-quarter revenue reached USD 12.608 billion and net income was USD 1.379 billion.
- Deere & Company stock trades at EUR 570.70 at 11:38 a.m. CEST at Lang & Schwarz on October 23, 2026, 1.51 percent above the Xetra close of October 22, 2026.
Deere & Company (ISIN US2441991054) stock was trading at EUR 570.70 at Lang & Schwarz on October 23, 2026, at 11:38 a.m. CEST, up 1.51 percent versus the Xetra close of October 22, 2026, at EUR 562.20. The latest analyst action came from JPMorgan, which raised its target from USD 585.00 to USD 625.00 while keeping a Neutral rating on October 8, 2026, according to MarketBeat.
Third-quarter results reset expectations
Deere reported third-quarter fiscal 2026 net sales and revenues of USD 12.608 billion, up 5.00 percent year over year, while net income attributable to Deere & Company reached USD 1.379 billion and diluted earnings per share was USD 5.10. Those figures came from the earnings call dated August 20, 2026, carried by Yahoo Finance.
The earnings comparison was favorable: quarterly revenue increased from USD 11.98 billion in the prior-year quarter to USD 12.608 billion, while diluted earnings per share rose from USD 4.75 to USD 5.10. The company also lifted fiscal 2026 net income guidance to USD 4.75 billion to USD 5.00 billion.
What does the guidance imply?
The outlook is uneven across Deere's businesses. Production and Precision Agriculture sales were USD 3.998 billion in the third quarter, down 6.00 percent year over year, while Construction and Forestry sales rose 18.00 percent to USD 3.618 billion. The earnings call put the Construction and Forestry margin outlook at 10.50 percent to 11.50 percent for fiscal 2026.
Three milestones explain the setup
On August 20, 2026, Deere reported USD 5.10 in diluted earnings per share for fiscal third quarter. On September 3, 2026, Evercore ISI raised its target from USD 632.00 to USD 813.00, according to Benzinga. On October 8, 2026, JPMorgan raised its target from USD 585.00 to USD 625.00.
Two dates matter next
Deere's quarterly dividend of USD 1.62 per share is scheduled for payment on November 9, 2026. The next quarterly results are scheduled for November 25, 2026, according to MarketBeat.
Stock price and valuation context
Deere's primary listing is on the NYSE, where the stock closed at USD 636.54 on October 22, 2026. The quoted market capitalization was USD 173.5 billion, while the 52-week range was USD 454.50 to USD 721.22. The current euro quote places the stock below that high, but its immediate reference remains the EUR 562.20 Xetra close.
Deere & Company was trading at EUR 570.70 at Lang & Schwarz on October 23, 2026, at 11:38 a.m. CEST, 1.51 percent above the Xetra close of October 22, 2026, at EUR 562.20. The further course of trading is shown by the continuously updated real-time quote of Deere & Company stock.
Deere & Company stock facts
- Company: Deere & Company
- ISIN: US2441991054
- Ticker: DE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 23, 2026, 11:38 a.m. CEST): EUR 570.70
- Change versus Xetra close: plus 1.51 percent
- Xetra close (October 22, 2026): EUR 562.20
- Market capitalization: USD 173.5 billion (as of October 22, 2026)
- 52-week range: USD 454.50-USD 721.22 (as of October 22, 2026)
Market context: Market report S&P 500.
